Costco Wholesale Corporation operates more than 590 membership warehouses and employs more than, 164,000 people. Its annual report included the following items at August 28, 2011 (in millions of dollars):
Accrued liabilities ............ $ 2,093
Cash and cash equivalents ........ 4,009
Total stockholders’ equity .......... b
Total liabilities .............. c
Long-term debt ............. 1,253
Total revenues ............. 88,915
Accounts receivable ........... 965
Common stock ............ 4,518
Inventories ................ a
Accounts payable ........... 6,544
Property, net of accumulated depreciation . 12,432
Retained earnings ............ 7,111
Other assets ............. 2,717
Other liabilities ............ 4,298
Other stockholders’ equity ......... 944
Total assets ............ 26,761
Prepare a condensed balance sheet including amounts for the following:
a. Inventory
b. Total stockholders’ equity
c. Total liabilities